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Author Topic: Mining is still profitable?  (Read 286 times)
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November 08, 2017, 02:56:29 AM
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People made hell lot of money through Bitcoin mining in early 2015 to late 2016. Is anyone making money in bitcoin or any coin mining anymore?
It became less and is not that much attractive these days. Just want to get my hands dirt with non traditional mining options like Cloud or any other alternatives. I'm not talking about  massive mining operations here. Just a 10k investment for side hustle to pay bills.
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Transactions can optionally carry transaction fees. Whoever mines the block which ends up containing your transaction will get the fee. The Bitcoin client will sometimes force you to pay a fee when it thinks that no miner will accept your transaction otherwise.
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November 08, 2017, 03:38:52 AM
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No, everyone in it now is losing money.  That's why so many people are in it, to lose money...  Roll Eyes

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November 08, 2017, 02:50:47 PM
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People made hell lot of money through Bitcoin mining in early 2015 to late 2016. Is anyone making money in bitcoin or any coin mining anymore?
It became less and is not that much attractive these days. Just want to get my hands dirt with non traditional mining options like Cloud or any other alternatives. I'm not talking about  massive mining operations here. Just a 10k investment for side hustle to pay bills.

Why don't you go and check cryptocompare and coinwarz's mining profit calculator after deciding the miner equipment that you will put?
To pay bills, I don't think mining will prove to be better as the electricity factor is the worst part here as well difficulty that's now growing at a very quicker pace than it used to be. Not saying you can't profit but before going for mining, decide which miner you will purchase and check out some miners who are already mining with the same, ask them about the ROI as well as bills and their USD/kWh that they pay, it will be very helpful and may stop you falling into the pit.

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